WideOpenWest, Inc. (NYSE:WOW) Stock Position Lifted by Private Management Group Inc.

Private Management Group Inc. raised its holdings in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 126.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 997,008 shares of the company's stock after purchasing an additional 557,653 shares during the period. Private Management Group Inc. owned 1.19% of WideOpenWest worth $4,038,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WOW. LB Partners LLC purchased a new position in WideOpenWest during the fourth quarter valued at approximately $12,053,000. Alberta Investment Management Corp grew its stake in WideOpenWest by 26.9% in the 3rd quarter. Alberta Investment Management Corp now owns 3,228,860 shares of the company's stock worth $24,701,000 after buying an additional 684,699 shares in the last quarter. Heartland Advisors Inc. grew its stake in WideOpenWest by 97.0% in the 3rd quarter. Heartland Advisors Inc. now owns 1,004,150 shares of the company's stock worth $7,682,000 after buying an additional 494,300 shares in the last quarter. LGT Capital Partners LTD. grew its stake in WideOpenWest by 70.1% in the 4th quarter. LGT Capital Partners LTD. now owns 910,000 shares of the company's stock worth $3,686,000 after buying an additional 375,000 shares in the last quarter. Finally, Bares Capital Management Inc. grew its stake in WideOpenWest by 18.6% in the 3rd quarter. Bares Capital Management Inc. now owns 2,298,210 shares of the company's stock worth $17,581,000 after buying an additional 360,690 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

WideOpenWest Trading Up 0.3 %

Shares of WOW traded up $0.01 during mid-day trading on Wednesday, reaching $3.49. The company's stock had a trading volume of 171,938 shares, compared to its average volume of 606,157. The stock has a market cap of $290.75 million, a PE ratio of -0.99 and a beta of 1.38. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 3.55. WideOpenWest, Inc. has a 52 week low of $2.31 and a 52 week high of $11.75. The company's fifty day moving average price is $3.57 and its two-hundred day moving average price is $4.25.

WideOpenWest (NYSE:WOW - Get Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $168.80 million during the quarter, compared to the consensus estimate of $171.13 million. WideOpenWest had a negative return on equity of 12.32% and a negative net margin of 41.90%. On average, analysts predict that WideOpenWest, Inc. will post -0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a "buy" rating and issued a $8.00 price target on shares of WideOpenWest in a research note on Thursday, March 14th.

WideOpenWest Profile

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.